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Lagarde dashes short-term hopes that digital euro could help combat financial crime; says currency could take more than four years to materialise, if approved

Image: World Economic Forum

The President of the European Central Bank has that that a ‘digital euro’ would take four years to materialise, perhaps even longer, dashing any short-term hopes that it might aid in the fight against dirty money.

Christine Lagarde said that the timeframe was down to the EU’s wish that if a central bank digital currency (CBDC) were introduced in the bloc, it would be done cleanly.

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